What are the types of damages in a contract?

• Compensatory Damages. ...
• Incidental Damages. ...
• Consequential Damages. ...
• Nominal Damages. ...
• Liquidated Damages. ...
• Punitive Damages.

• General and Special Damages.
• Substantial Damages.
• Aggravated and Exemplary Damages.
• Liquidated and Unliquidated Damages.
• Consequential Damage and Incidental Loss.

What are general damages?

Damages that arise directly and inevitably from a breach of contract. In other words, those damages that would be theoretically suffered by every injured party under these circumstances.

What are the three basic types of damages that a plaintiff can recover in a tort action and what is the purpose of each?

The law recognizes three major categories of damages: Compensatory Damages, which are intended to restore what a plaintiff has lost as a result of a defendant's wrongful conduct; nominal damages, which consist of a small sum awarded to a plaintiff who has suffered no substantial loss or injury but has nevertheless ...

What are the types of damages in business law?

There are four types of damages which can be claimed by the aggrieved party. Ordinary Damages or General Damages. Exemplary or Vindictive Damages. Nominal Damages.

What are damages in breach of contract?

Compensatory damages (also called “actual damages”) cover the loss the nonbreaching party incurred as a result of the breach of contract. The amount awarded is intended to make good or replace the loss caused by the breach. ... General damages cover the loss directly and necessarily incurred by the breach of contract.

What are the various types of damages in contract Act 1872?

Damages can be caused in two ways: consequential or incidental. The estimated money should equal the harm or detriment suffered by either party, as directed by law. The non-performance or non-compliance of either party with the terms of the contract results in restitution or compensation.

What are the five types of damages that are common in tort cases?

Common torts include:assault, battery, damage to personal property, conversion of personal property, and intentional infliction of emotional distress. Injury to people may include emotional harm as well as physical harm.

What are the 6 types of damages?

What are substantial damages?

Substantial damages are awarded as a means to compensate a plaintiff where they have suffered an actual loss. Substantial damages can be either general or special. ... General damages are more difficult to quantify as they cover damages for pain, suffering or loss of expectation of life.

What is the most common type of damages awarded by a court?

Compensatory damages: This is the most common breach of contract remedy.

What types of damages are recoverable?

These include amounts for lost income, property damages, and medical care resulting from the Defendant's misconduct. An attorney, through documents obtained during litigation, is usually able to seek a definitive amount of compensatory damages based on the injuries to a Plaintiff's person and property.

What are three types of damages recoverable in a lawsuit?

There are three types of damage that form the foundation of most civil lawsuits: compensatory, nominal, and punitive.

What are compensatory and punitive damages?

Compensatory damages are given to the injured victim to help pay for medical expenses and other damages created, while punitive damages are meant to penalize the at-fault party.

What are nominal damages?

A trivial sum of money awarded to a plaintiff whose legal right has been technically violated but who has not established that they are entitled to compensatory damages because there was no accompanying loss or harm. ... Barker the court held that the plaintiff was entitled to nominal damages of $100.

What are indirect damages in contract law?

Indirect damages refers to all the knock-on effects on the contract breach on the non-breaching party – all the non-immediate consequences that might happen.

What are punitive damages?

Punitive damages are considered punishment and are typically awarded at the court's discretion when the defendant's behavior is found to be especially harmful. Punitive damages are normally not awarded in the context of a breach of contract claim.

What is the purpose of compensatory damages?

Compensatory damages, like the name suggests, are intended to compensate the injured party for loss or injury. Punitive damages are awarded to punish a wrongdoer.

What is meant by exemplary damages?

DEFINITION. ... '⁷ In the The Law Lexicon, 'exemplary damages' is defined as not being compensatory but awarded to punish the defendant and to deter him and others from similar behaviour in the future.

What is the difference between liquidated damages and unliquidated damages?

Liquidated damages are calculated on a daily or a weekly basis. Unliquidated damages are damages that are payable for a breach, the exact amount of which has not been pre-agreed. The sum to be paid as compensation is said to be 'at large' and is determined after the breach occurs, by a Court.

What are the 4 sources of damages?

What are the different kinds of damages in the civil code?